This paper examines capital adequacy regulation in Germany. After a general overview of financial regulation in Germany, the paper focuses on the most important development in the area of capital adequacy regulation from the 1930s up to the financial crisis. Two main trends are identified: a...

The paper is looking at the historical development of financial regulation in Germany. It is part of a series of papers that outline the development of financial regulation in other European countries such as France, Italy, Estonia, Slovenia, Hungary and Spain, and culminates in a synthesis...

This paper analyses the regulatory framework of the financial system in Spain. Particular attention is paid to the adoption of the EU directives and the way they have been transposed to Spain from 1986 to present, including the regulatory developments in the last few years from the onset of the...

Since deregulation in the 1980s, all advanced countries have gone along the same route increasingly shaping their financial regulations according to principles and theoretical models set out by global standard setters. Structural fragilities, failures of regulators, and short-sighted supervisors...

This paper presents the major changes in financial regulation in the United States starting with the historical background and concluding with the most recent measures contained in, or mandated by, the 2010 Dodd-Frank Act. It will present the most important changes in regulatory legislation...

Since the 1980s, structural and regulatory evolutions and reforms of the French banking and financial system have been manifold. They have been influenced not only by the European integration process, but also by the historical worldwide context of deregulation and, morerecently, by the...

This Report provides an introduction to the seven country studies on the implementation of the European Directives on Banking and Finance in the period from the introduction of the Single European Act to the 2007/8 Global financial crisis and the additional national measures that have been taken...

Over time the financial sector has gained greater relevance in the economy, a phenomenon that some call financialisation. Contrary to the mainstream view, financialisation literature emphasises that risk management by financial corporations will not be socially efficient in a context of...

The aim of this document is to complement the analysis of ‘variegated financialisation’ provided (in an associated paper) by Passarella Veronese (2013) with a preliminary examination of the process of financial integration of EU countries, and especially of Euro Area’s member-States. In...

The paper addresses numerous factors which generated and transmitted the 2007-2009 financial crisis, with the special attention paid to phenomena observed in the subprime mortgages and MBSs markets. The aim of the paper is to provide a critical survey which systematically examine the literature...